Banking software systems provider Temenos Group has closed a deal with Kenyan CfC Stanbic Bank to offer the latter its T24 Model Bank platform.

T24 Model Bank is set to provide CfC Stanbic Bank with an integrated view of their clients database as well as ensure faster transaction processing.

The T24 Model Bank platform will be implemented by a team of Temenos services staff; the platform runs on IBM servers with an Oracle database.

Set up in June 2008, CfC Stanbic Bank is the result of a merger that brought together Stanbic Bank Kenya and CfC Bank. Prior to the merger, CfC Bank Kenya ran different systems with Stanbic Bank Kenya using Bankmaster.